BTC pushing into resistance. Correction imminent

9 May 2019

BTC is currently pushing into heavy resistance. Reviewing the price action from the deep bear market of 2015 you can see price rose to meet the earlier 2013/2014 support levels before again capitulating to form a second low which kicked off the long bull cycle through 2017. Expect similar action here as price spent nearly a year at 6K and the level up through 6.4K is heavy resistance.